O.C.G.A. § 36-81-20 (2019)
Audits accepted by state; additional audits; section not to limit state’s audit authority
(a) Whenever a state agency or a state department requires a unit of local government to perform an audit or whenever a state agency or a state department would perform an audit of a unit of local government as a condition for such unit of local government having received a grant of state money or services, the state agency or state department shall, except as provided in subsections (b) and (c) of this Code section, accept any audit which meets the requirements of the federal Single Audit Act of 1984 if such audit includes those moneys or services granted by the state and includes the reporting requirements of any applicable state law or of any state agency.
(b) Notwithstanding subsection (a) of this Code section, a state agency shall be authorized to conduct any additional audits necessary to carry out its duties and responsibilities as set forth in state law or regulation, and nothing in this Code section shall authorize any local government or unit or agency thereof to constrain in any manner any such state agency from performing any such additional audit.
(c) This Code section shall not limit the authority of state agencies to conduct audits and evaluations of state financial assistance programs or to enter into contracts for the conduct of such audits and evaluations and shall not limit the authority of the state auditor or any state audit official.
History
Code 1981, § 36-81-20, enacted by Ga. L. 1986, p. 758, § 1. U.S. Code. - The federal Single Audit
Act of 1984, referred to in subsection (a), is codified at 31 U.S.C. § 7501 et seq.
CHAPTER 82 BONDS
Sec.
Article 1
Article 2
General Provisions
Validation of Bonds PART 1
Election for bonded debt; right to sell bonds at discount; advertisements as binding statements of intention; use of surpluses; meetings open to public; refunding. Voting in election for bonded debt; returns and declaration of election result. Issuance of bonds upon favorable election vote; ordinance or resolution authorizing refunding bonds; issuance, content, and form of refunding bonds. Action for collection of bonds by holders. Advertisement of bond elections in counties having population of 400,000 to 500,000; use of bond funds. Expenditure of bond funds for purposes other than stated in public bond notice. Destruction of unsold bonds. Notice, hearing, order of court, and affidavit of two disinterested witnesses as to destruction of bonds; compensation of witnesses; payment of costs of proceedings. Authorized investments for bond proceeds. Assessment and collection of tax to pay refunding bonds. Deduction of sinking fund in computing bonded indebtedness. Certification requirement for pension obligation bonds; requirement for reserve fund. Reporting requirements.
GENERAL PROVISIONS Sec.
Notice to district attorney or Attorney General of election or resolution favoring issuance of bonds or refunding bonds. Petition to superior court to show cause; service of petition and order; answers. Notice of superior court hearing on show cause order. Hearing and judgment on show cause order; parties to proceedings; appeal. Effect of judgment of validation. Entry of reference to judgment of validation on bonds; use of entry as evidence. Payment of costs of judicial validation proceedings. Procedure upon failure of district attorney or Attorney General to file petition with superior court generally. Effect of judgment of validation upon failure to file petition. PART 2
VALIDATION BY HOLDER OF BONDS ISSUED BY COUNTIES OR MUNICIPALITIES SUBSEQUENT TO ADOPTION OF CONSTITUTION OF 1877
Authorization and procedure generally. Furnishing of indemnity bond by holder. Petition by holder to district attorney or Attorney General.
Sec.
Petition by district attorney or Attorney General to superior court; order to show cause; service of petition and order; answer. Hearing and judgment; parties to proceedings; appeal. Effect of judgment of validation. Applicability of Code Sections 36-82-22 and 36-82-25. Payment of costs of proceedings.
Sec.
Article 3 Revenue Bonds
Short title. Definitions. Powers as to undertakings and revenue bonds generally. Adoption of resolution authorizing undertaking and issuance of revenue bonds. Issuance of revenue bonds generally; form; terms; signatures; interim receipts; negotiability; nontaxability. Covenants in resolution authorizing issuance of bonds; article and resolution as enforceable contract with bondholders. Governmental liability for payment of bonds; recitation on bond. Right of bondholder or trustee to apply for receivership upon default in payment on bond; procedure for appointment. Powers and duties of receiver generally. Limitations on authority of receiver and supervising court. Supervision of receiver by court. Surrender of receivership upon cure of default. Construction of Code Sections through 36-82-71 and this Code section.
Proceedings for validation of revenue bonds generally. Notice to district attorney or Attorney General of resolution authorizing revenue bonds. Duty of district attorney or Attorney General to file petition; order to show cause; service of petition and order; answer. Notice of hearing on validation. Hearing and judgment on validation; parties to proceedings; right of appeal; review of valuation of existing undertakings. Effect of judgment of validation. Entry of reference to judgment on validated bonds; use of entry as evidence; clerk’s fee. Payment of costs of proceedings. Procedure when district attorney or Attorney General fails to file petition. Effect of judgment of validation upon failure to file petition. Validation of revenue bonds of certain hospital authorities. Applicability of article to common carriers of passengers for hire. Construction of article generally; applicability of certain other provisions of law. Article 4 Bonds
Expenditure of bond proceeds; auditing. Article 5
Regulation of Interest Rates for Bonds and Obligations Other Than General Obligation Bonds
Purpose of article.
Sec.
LOCAL GOVERNMENT Sec. Definitions. Exemption of bonds from Constitution and laws of Georgia regulating interest rates; fixing of rates of interest by resolution or ordinance. Repeal of regulations as to interest rates contained in other laws. Construction of article. Article 6
Form and Services Connected with Creation of Repayment Obligations
Use of facsimile signatures and seals; contracts with financial institutions to perform certain repayment functions; evidence of repayment obligations. Records of ownership, registration, transfer, and exchange of repayment obligations not public records. Construction of article. Article 7
Regulation of Bonds and Obligations Issued by Development Authorities
Requirements for filing; forms; exemptions [Repealed]. Article 8
Georgia Allocation System
Short title. Legislative purpose. Definitions. Powers of department. Determination of state ceiling; records required. Application for notice of allocation; receipt of application; issue of notice; confirmation of bond issue; certificates under Federal Code. Economic development share. Application for economic de-
velopment share and competitive pool allocation; priority of and approval of application; carrying over; time and amount limitation.